Economy

Oil prices drop as escalating U.S.-China trade war…

Oil prices drop as escalating U.S.-China trade war… Commenting on Iran's oil supply, "we believe that the full effect of the Iranian oil sanctions has yet to be seen and we feel that the next 5-6 week anticipatory phase of the official sanctions will associate with steady speculative buying interest", Jim Ritterbusch, president of Ritterbusch and Associates, told Reuters on Monday. [Full Article...]

Oil regains some poise, but demand concerns drag

Oil regains some poise, but demand concerns drag The US National Security Adviser John Bolton said last month that the United States is exerting "maximum pressure" on the government of Iran to change its behavior, adding that Washington is prepared to use sanctions to drive Iranian oil exports down to zero. [Full Article...]

'Disgruntled ex-employee' blamed for needle in Woolworths strawberries

'Disgruntled ex-employee' blamed for needle in Woolworths strawberries All punnets have been recalled. Any strawberries bought from 13 September are safe. On Thursday, police said they feared there may be copycat culprits as a needle was found in another batch of strawberries. The health concerns over needles and pins found inside Australian strawberries are continuing to escalate with NSW police now warning up to six brands may have been affected. [Full Article...]

Trump and Obama spar over economy as midterm polls near

Trump and Obama spar over economy as midterm polls near Sen. Lindsey Graham, R-S.C., said in response to Obama's speech that, "The more former President Obama speaks about the "good ol years" of his presidency, the more likely President Trump is to get re-elected". "When people ask me, 'how's the economy doing?' I ask them, whose economy are you talking about?" "And, usually, the answer is he doesn't have an answer". [Full Article...]

Bitcoin Falls Off a Cliff Again as Cryptocurrency Slump Deepens

Bitcoin Falls Off a Cliff Again as Cryptocurrency Slump Deepens This price can be the highest point in bitcoin dominance for two weeks. With the newfound custodian project, Goldman Sachs aims to act as cryptocurrency custodians for large institutional clients, holding the digital assets and monitoring their price fluctuations. [Full Article...]

Trump threatens to impose tariffs on all imports from China

The Trump administration may be about to slap tariffs of up to 25 percent on an additional $200 billion in Chinese goods, escalating a confrontation between the world's two biggest economies and likely squeezing U.S. and other technology companies sent a letter to U.S. Trade Representative Robert Lighthizer urging the administration to avoid imposing more tariffs. [Full Article...]

Obama Kicks Off Midterm Push In Illinois

Obama Kicks Off Midterm Push In Illinois Former President Barack Obama mentioned his successor by name in public for the first time since leaving office on Friday, saying Donald Trump was the "symptom" of a trend of resistance to positive progress. Obama criticized Trump for politicizing the Department of Justice, unwinding the social safety net and busting the budget with a tax-cut bill he said would exacerbate inequality. [Full Article...]

McDonald's advertisement made by customers still hanging in restaurant 8 weeks later

If you didn't know better you'd think the two smiling guys in the poster on the wall with the other posters of people enjoying McDonald's at the McDonald's in Pearland south of Houston was part of the restaurant's marketing and promotion campaign. [Full Article...]

Longtime Dem loses to left-wing challenger in primary upset

Longtime Dem loses to left-wing challenger in primary upset There is no Republican on the November ballot in the district, meaning Pressley is virtually assured of entering Congress in January. Brianna Wu is a co-founder of the video game company Giant Spacekat. Pressley represents the latest underdog candidate to have emerged to challenge both establishment Democrats and Republicans. Pressley is backed by Alexandria Ocasio-Cortez, the leftist socialis... [Full Article...]

Amazon Hits $1 Trillion Valuation

Amazon Hits $1 Trillion Valuation It crossed the line at 16:40 BST before falling back slightly. Amazon and Apple are now worth more than the economies of countries such as Turkey and Switzerland. If the online retailer's shares keep up their recent pace, it would be a matter of when, not if, Amazon's stock market valuation eclipses that of iPhone maker Apple, which reached $1 trillion on August 2 . [Full Article...]

Record diesel prices likely to push up school bus fees in Mumbai

Record diesel prices likely to push up school bus fees in Mumbai Petrol prices were increased to Rs 86.72, Rs 82.22 and Rs 82.41 per litre in Mumbai, Kolkata and Chennai respectively on Tuesday. In the national capital, petrol prices touched Rs 79.15/litre and diesel was at Rs 71.15/litre. With expectations of further tightening in oil prices due to a mix of factors such as declining inventories in the United States, and Iran sanctions coming into place, th... [Full Article...]

Alberta Indigenous leaders call for improved consultation after Trans Mountain ruling

Alberta Indigenous leaders call for improved consultation after Trans Mountain ruling The appeal challenged the governor-in-council's November 2016 approval of the project on two. Conservationists called the ruling "a critical win" for the at risk killer whales. "It's going to affect the entire country because of the shortsightedness of certain governments". "It means upholding or commitments with Indigenous peoples and it means responsibly protecting Canada's and Canadians' inve... [Full Article...]

California Assembly Advances Net Neutrality Bill

California Assembly Advances Net Neutrality Bill Having cleared both houses of California's legislature , SB 822 will now head to Democratic Gov. Scott Wiener of San Francisco, would prohibit internet providers from blocking or slowing data based on its content or from favoring websites or video streams from companies that pay extra. [Full Article...]

Coca-Cola buys Costa Coffee from Whitbread for £3.9bn

Coca-Cola buys Costa Coffee from Whitbread for £3.9bn For Coca-Cola , the deal adds to its efforts to move away from fizzy drinks towards more healthier options for increasingly health-conscious consumers. "Whitbread will also reduce debt and make a contribution to its pension fund, which will provide additional headroom for the expansion of Premier Inn". [Full Article...]

Over 99% of demonetised notes were returned: RBI

Over 99% of demonetised notes were returned: RBI The RBI says most of the demonetised currency is back, indicating that just a minuscule percentage of currency was left out of the system after BJP government's call for unprecedented note ban aimed at curbing black money and corruption. 500 notes having been pumped into the system over the last year, the share of Rs. 2,000 notes by value declined to 37.3% as on March 2018, compared with 50.2% ... [Full Article...]

Trump’s "new NAFTA" deal with Canada could be relief for developers

Trump’s All three countries are critical for businesses with supply chains that span the North America. It could also end up being little more than a public relations stunt by an administration desperate to secure a win after more than a year of failures on trade , according to analysts. [Full Article...]

Powell signals more hikes ahead if US economy stays strong

Powell signals more hikes ahead if US economy stays strong Elsewhere on currency markets the USA dollar were holding gains ahead of the annual Jackson Hole symposium of central bankers, where Fed boss Jerome Powell is due to speak later Friday. That echoed a phrase that was used to describe the extraordinary steps the Fed and other central banks took after the 2008 financial crisis plunged the US and global economies into deep recessions. [Full Article...]

Will the market crash if Trump is impeached? Heres what analysts say

Will the market crash if Trump is impeached? Heres what analysts say President Donald Trump says he wouldn't recommend his former personal lawyer, Michael Cohen . Trump told Fox News in an interview Wednesday that he knew about the two payments only "later on", without specifying when. " Pecker's apparent decision to corroborate Cohen's account, and implicate Trump in a federal crime, is another vivid example of how isolated Trump is becoming", Sherman adde... [Full Article...]

UNIAN: Trump names conditions for Russian Federation sanctions lift

UNIAN: Trump names conditions for Russian Federation sanctions lift The announcement of the actions came as USA lawmakers urged tighter economic restrictions on Moscow and Britain's top diplomat accused Russia's leader of pursuing policies that are making the world more risky. Senate Foreign Relations Committee Chairman Bob Corker speaks to reporters on Capitol Hill in Washington on June 13, 2018. As if to back up Hunt's assertions, top administration official... [Full Article...]

Trump Won’t Acknowledge the Independence of the Fed

Trump Won’t Acknowledge the Independence of the Fed In his interview, Trump accused the European Union and China of manipulating their currencies, adding that Beijing was weakening the yuan to offset the effects of U.S. Beyond Trump's fiscal and trade policies, there is plenty that the Fed will need to factor in as it makes rate-hike decisions, including the state of the global economy and financial markets. [Full Article...]


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